Industry

Deals

Hungarian central bank opens office in Rome

The National Bank of Hungary (MNB) opened its third international office, this time in Rome, the central bank said in...

Deals

CIG Pannonia units fined HUF 19 mln

The National Bank of Hungary (MNB) fined the life and general insurance units of CIG Pannonia a combined HUF 19...

Deals

Keler in running to establish regional clearing house

Hungaryʼs central depository and clearing house Keler is competing to become the foundation for a regional clearing house, recommended by...

Deals

Perion invests HUF 411 mln in HandInScan

Hungarian Perion Venture Capital Fund has invested HUF 411 million in HandInScan to support the sales of the companyʼs hand...

Deals

Taxi drivers demonstrate against Uber in Budapest

Since early this morning, approximately 100 taxi drivers have been demonstrating against the Hungarian operations of San Francisco-based ride-sharing service...

Pharma

Danubiana wine sales reach 138,000 hectoliters

Sales volume of winemaker Danubiana rose by about 6% to 138,000 hectoliters last year, managing director Győző Schmidt told Hungarian...

Deals

GVH issues HUF 90 mln fine for two MLM companies

Cloulyn Pro Ltd. and ASSORT FLEX Kft. were fined by Hungary’s Competition Office (GVH) a combined HUF 90 million for...

Pharma

Lego to double size of Hungarian plant, raise headcount

Danish toymaker Lego announced today that it will invest HUF 30 billion at its Hungarian plant in Nyíregyháza, to more...

Transport

Budapest airport sees passenger record of 10.3 mln in 2015

The number of passengers passing through Budapest’s Liszt Ferenc International Airport reached an annual record of 10.3 million in 2015,...

Transport

Wizz Air passenger numbers up 22% in 2015

The overall passenger numbers of Hungary’s low-fare airline Wizz Air were up 22% last year in year-on-year terms, reaching 19.2...

Deals

Opel loses market share of sales in Hungary, still in the lead

American-owned Opel, based in Germany, saw its Hungarian market share in car sales drop to 10.7% last year, yet the...

Automotive

KSH notes industrial production growth of 9.5% in November

Hungary’s industrial output grew by 9.5% in year-on-year terms, with the index adjusted for working days increasing by 7% in...

Deals

Report: 21 baths join new rating system

Since Hungary introduced its new national bath classification system last year, altogether 21 Hungarian baths have joined the renewed rating...

Deals

Ryanair officially launches route from Hungary to Israel

Low-cost airline Ryanair is set to officially launch its route from Budapest to Eilat, Israel with details to follow at...

Deals

MOL relinquishes share in Akri-Bijeel Block in Iraq

Hungarian Oil and gas company MOL reached an agreement with Gulf Keystone Petroleum and the Kurdistan Regional Governmentʼs Ministry of...

Pharma

Pharmaceutical Logistics Moves Toward Full Automation

Competitiveness in pharma logistics increasingly depends on digitalization, automation, and quality assurance alongside scale, Andor Nagy, deputy CEO for logistics...

Pharma

Pharmaceutical Logistics: From Reliable Support to Strategic Partnership

Pharmaceutical logistics now encompasses much more than warehousing and transportation. László Dene, deputy CEO for business at Hungaropharma Zrt., discusses...

Pharma

Advancing the Conversation on Ovarian Cancer

Javier Aracil, AbbVie’s general manager for the Adriatics and Hungary, reflects on how greater awareness, continued innovation and collaboration across...

Manufacturing

Coca-Cola HBC Hungary Announces Record HUF 35 bln Expansion

Coca-Cola HBC Magyarország announced a HUF 35 bln investment to expand its Dunaharaszti production center on Wednesday, marking its largest...

Retail

Aldi Hungary Challenges HUF 123 mln Fine Over Advertising Claims

Aldi Magyarország is seeking a court review of a Hungarian Competition Authority (GVH) decision fining it HUF 123 mln for...

Pharma

From Youth-led Ideas to Decision-Makers’ Table: A Day Revolving Around the Future of Hungarian Science and Healthcare

How can Hungary become a regional hub for clinical trials? Young physicians, researchers, and biotech innovators spent a morning tackling...

Pharmaceutical Logistics Moves Toward Full Automation

Competitiveness in pharma logistics increasingly depends on digitalization, automation, and quality assurance alongside scale, Andor Nagy, deputy CEO for logistics...

Pharmaceutical Logistics: From Reliable Support to Strategic Partnership

Pharmaceutical logistics now encompasses much more than warehousing and transportation. László Dene, deputy CEO for business at Hungaropharma Zrt., discusses...

Wizz Air Luton–Sofia Flight Diverted to Budapest After Bomb Threat

A Wizz Air flight from London Luton to Sofia was diverted to Budapest after receiving a bomb threat during the...

Pirelli Cinturato Winter 3 Takes Top Honors in European Tests

As winter approaches, drivers face a familiar question: which tires can provide dependable performance when road conditions start to change?...

Advancing the Conversation on Ovarian Cancer

Javier Aracil, AbbVie’s general manager for the Adriatics and Hungary, reflects on how greater awareness, continued innovation and collaboration across...

Hungary’s First Mr D.I.Y. Store to Open at Köki Alongside Popeyes

Budapest’s Köki shopping center will welcome Hungary’s first Mr D.I.Y. store and the country’s fourth Popeyes restaurant in November. Footwear...

Coca-Cola HBC Hungary Announces Record HUF 35 bln Expansion

Coca-Cola HBC Magyarország announced a HUF 35 bln investment to expand its Dunaharaszti production center on Wednesday, marking its largest...

Ryanair Adds 12th Budapest Aircraft and Eight Routes for Winter

Ryanair will base a 12th aircraft in Budapest for its winter 2026 schedule, operating 54 routes, including eight new connections,...

Michelin Celebrates 30th Anniversary of Presence in Hungary

Michelin celebrated the 30th anniversary of its presence in Hungary at an anniversary event at its Nyíregyháza facility (231 km...

Aldi Hungary Challenges HUF 123 mln Fine Over Advertising Claims

Aldi Magyarország is seeking a court review of a Hungarian Competition Authority (GVH) decision fining it HUF 123 mln for...

Geely Leads Interest in Chinese Car Brands Newly Launched in Hungary

Geely attracted the most interest among Chinese car brands entering Hungary this year, according to January-September data from used car...

Futureal Acquires Hungary’s Largest Outlet Center

Futureal has acquired Premier Outlet Budapest, Hungary’s largest outlet center, as it expands its Hungarian operations into direct investment in...

Serbia Says MOL Deal for NIS Stake Signed; MOL Reports No Disclosure Update

A contract for MOL’s acquisition of a stake in Serbian oil and gas company NIS from Russia’s Gazprom Neft has...

From Youth-led Ideas to Decision-Makers’ Table: A Day Revolving Around the Future of Hungarian Science and Healthcare

How can Hungary become a regional hub for clinical trials? Young physicians, researchers, and biotech innovators spent a morning tackling...

Wizz Air Enters Winter With Fuel Hedges and Record Summer Traffic

Discount airline Wizz Air is preparing for winter with more than EUR 2.2 billion in liquidity and fuel hedges covering...